Top 10 Final Expense Life Insurance Companies

When searching for the top 10 final expense life insurance companies or burial insurance companies, we recommend that you select a life insurance company specializing in final expense insurance. In this article, we will give you an overview of who we feel are offering the best funeral insurance policies to help you find the company that fits your individual needs.

Final expense insurance is also known as funeral insurance and burial insurance policies. They are whole life policies ranging from $2,000 to $50,000. The primary objective of these plans is to cover burial and other final expenses. These policies give a lump sum payout to the designated beneficiary when the insured dies.

There are some things you should look for in final expense life insurance companies. The first thing is the company’s financial strength. A key indicator is how solvent a company maybe 20 years or longer with its current financial strength.

Typically any company that falls off an A- or better ranking is not recommended. Companies that are “A” rated have a long-standing history of giving death benefit payout on time. A safe and secure company will be able to pay claims faster (in as little as 24 hours of days of receiving a death certificate).

In order to help you in searching for the best final expense insurance or burial insurance company, we at Funeral Funds have put together our top 10 life insurance companies whom we feel are currently offering the best in final expense life insurance policies.





First Year in Business: 1909

Business Rating: A.M. Best A+

Age Availability: 45-85

Face Amount Range: $2,000-$40,000

Mutual of Omaha has a whole life final expense insurance policy called Living Promise. Mutual of Omaha burial insurance is a whole life final expense policy that builds cash value.

Living Promise is available for ages 45 to 85, with no separate classifications for a smoker. You can buy $2,000 to $40,000 coverage. The Living Promise offers a great level benefit policy.

In order to qualify for this policy, you will need to undergo a health background check including a prescription history check and MIB record verification. Build charts are also a requirement, and phone interviews are done randomly.

Living Promise comes with an accelerated death benefit rider which pays out if the policyholder is determined by a medical professional with a terminal illness and given less than 12 months to live. Also pays out early if the insured is confined to a nursing home for more than 90 days and expected to remain in confinement for life.

Mutual of Omaha final expense insurance is one of our favorite choices for funeral funding due to their financial strength and low prices.



First Year in Business: 1904

Business Rating: A.M. Best – A

Age Availability: 45-85

Face Amount Range: $1,000-$50,000

Transamerica offers three final expense insurance policies

  • Immediate Solution
  • 10 Pay Solution
  • Easy Solution

Transamerica’s Immediate Solution final expense life insurance no exam product is a combination of competitive premiums and lax underwriting. They offer senior life insurance no waiting period policy to people with COPD, emphysema, or kidney disease.

You can buy Transamerica life insurance for seniors Immediate Solution before the age of 85 and valid until the age of 121. No medical exams are required. Your age determines your amount of coverage, and the minimum coverage you can buy is $1,000.



First Year in Business: 1967

Business Rating: A.M. Best A

Age Availability: 50-80

Face Amount Range: $5,000 – $25,000

Not Available in AZ or MT

The Gerber Life Guaranteed life insurance is whole life insurance designed for applicants with acute health wanting to secure affordable burial insurance. It has no medical exam or health questions. If you have significant health problems but still want to purchase a final expense policy, Gerber’s Guaranteed Life is an option for you. Face amounts are between $5,000 to $25,000.

Gerber is an excellent choice for senior looking for final expense insurance since they offer some of the cheapest prices for guaranteed issue life insurance. (UPDATE: Gerber recently raised their pricing, so other plans may be a better fit for your budget).

Premiums are guaranteed to never increase. It comes with cash value that accumulates tax-free. The cash value can be withdrawn, borrowed or used to pay premiums.

Guaranteed issue policy comes with a two-year waiting period. If you die from accidental death, your beneficiary will get the 100% death benefit. However, if you die from a non-accidental cause during the two-year waiting period, your beneficiary will only receive a return of premiums plus 10%.

If you are in good to moderate health, we will always help you qualify for a better plan with immediate death benefits rather than this plan.



First Year in Business: 1919

Business Rating: A.M. Best – A

Age Availability: 50-80

Face Amount Range: $5,000-$25,000

Not Available in: NY

American General Life Insurance Company introduced guaranteed issue whole life insurance in 2017 (and it’s a great product!). AIG is listed in Fortune 100 life insurance companies.

AIG offers no medical exam or health questions policy. This plan is offered for ages 50 to 80 with $25,000 maximum coverage. You can get this policy for your parents or grandparents who cannot afford the premiums.

AIG final expense insurance plan offers one of the lowest rates for guaranteed acceptance or guaranteed issue life insurance compared to other life insurance companies

AIG is uniques because it’s the only insurance company that provides free terminal illness and chronic illness rider on every plan they sell. If you have a terminal illness diagnosis or chronic illness diagnosis this rider grants you access to a portion of your death benefits.

Guaranteed issue policy from AIG comes with a two-year waiting period. If you die during the waiting period, your beneficiary will only get 110% of the premiums paid into the policy. The 100% death benefit will be given if you died in the third year of the policy.

If you are in good to moderate health, we will always help you qualify for a better plan with immediate death benefits rather than this plan.



First Year in Business: 1874

Business Rating: A.M. Best – A

Age Availability: 50-85

Face Amount Range: $2,000-$35,000

Forester’s Plan Right whole life policy is a simplified issue final expense life insurance policy. This is burial insurance with no waiting period.

Most people choose this policy because the price is reasonable. The policy is priced well, making it one of the most affordable final expense insurance companies. The face amount ranges from $2,000 to $35,000, and you can purchase it up to age 80.

The face amount becomes a $15,000 life insurance policy to applicants who are 81 to 85 years old.

Simplified issue insurance policy does not require a medical exam, but the applicants need to answer some health questions. Any yes answers on the application will put you in a modified or graded classification.

A personal history interview is required, with a prescription check. The underwriting guideline is relaxed, so many applicants can qualify.

Foresters is another of our favorite choices for funeral funding due to their financial strength and low prices.


First Year in Business: 1890

Business Rating: A.M. Best- A

Age Availability: 0-80

Face Amount Range: $5,000-$50,000

Assurity offers a simplified issue with a level benefit whole life and graded benefit policies.

These plans are specially designed for seniors wanting to cover end-of-life expenses. Simplified issue policy provides first-day coverage. The death benefit ranges from $5,000 to $50,000 until the age of 65. For ages between 66 and 80, they can buy $5,000 to 25,000 coverage.

The death benefit and premium amount are fixed, it will never change your whole life.

LifeScape is a simplified whole life policy, it does not require a medical exam, but the applicant is subject to health interview questions. People with COPD and emphysema don’t have to endure a waiting period or pay a higher premium with Assurity.

The price is the same price for modified and graded benefit, but the payout is different depending on answers to qualifying questions.


First Year in Business: 1909

Business Rating: A.M. Best – A

Age Availability: 50-85

Face Amount Range: $2,000-$30,000

Americo has different whole life insurance products that cover final expenses.

Protector I and II require basic health screening as well as health questions. Their Ultra Protector Series is designed for people 50 to 85 years old. The death benefit ranges from $2,000 to $30,000 in coverage.

The Ultra Protector Plan offers full first-day coverage for emphysema or COPD applicants, and it also provides day one coverage for other higher-risk medical conditions. Americo offers a low-cost final expense plan without a waiting period regardless of your health problems.

Their final expense policies offer guaranteed level premiums and coverage cannot be canceled due to age or health issues.  Ultra-Protector I and II have accelerated benefit rider which allows up to 50% of the death benefit will be given to the policyholder if he is diagnosed with a terminal illness.


First Year in Business: 1853

Business Rating: A.M. Best – A

Age Availability: 60-89

Face Amount Range: $3,000-$35,000

Not Available in: AK, CA MA, MD, ME, NY, & WA

American Continental Insurance Company provides Aetna’s final expense insurance.

Aetna is among the few companies that offer coverage to people up to 89 years old; this feature allows them to offer great value to many seniors who are looking for final expense coverage.

The Aetna burial life insurance is a whole life insurance policy guaranteed up to age 121. The premiums and the death benefit is level and will never change as long as premiums are paid. The policy builds cash value that can be used to cover premiums if there is enough money in the account. You can withdraw funds or take a loan against the cash value.

They have a relaxed underwriting process and have no height, and weight chart and they do not check the Medical Information Bureau as part of their application. There is three levels of coverage available: Immediate death benefit, Graded death benefit, and Modified death benefit.


First Year in Business: 1895

Business Rating: A.M. Best – A-

Age Availability: 50-85

Face Amount Range: $5,000-$25,000

The Royal Neighbors of America has a simplified issue whole life and graded death benefit products for its final expense life insurance.

If you’re looking for burial insurance for seniors over 70, Royal Neighbors has a plan for you. You will just need to answer a few simple health questions, and any yes answers will still allow applicants between 50 and 85 years old for a graded death benefit. There are no preferred or sub-standard rates issues; they only have ratings for tobacco and non-tobacco users.

Royal Neighbors of America’s final expense life insurance has the most lenient underwriting out of all top final expense insurance companies. They are the most diabetic-friendly final expense insurance carrier in the nation. They are also known to insure applicants with other health issues.


First Year in Business: 1937

Business Rating: A.M. Best – A-

Age Availability: 20-80

Face Amount Range: $5,000 to $100,000

United Home Life offers simplified issue product for people 20 to 80 years old.

Their simplified issue is called United Home Life Express Issue Premier. The death benefit amount ranges from $5,000 to $100,000 up until the age of 60. If you are 61 to 80, you can qualify for face value for up to $50,000. Senior applicants can find this policy a great option.

There are three final expense life insurance products: Express Issue Premier, Express Issue Deluxe, and Provider. None of these require a medical exam. They are all permanent policies that last a lifetime as long as premiums are paid.

Their simplified issue product is an affordable option for people in good health and those with non-insulin type II diabetes.

These are our top life insurance companies in the US offering final expense insurance. They are all top-rated life insurance companies we will recommend depending on your needs.


Is burial insurance worth it? Here’s what to know about burial insurance. There are three options for coverage in a final expense life insurance they are level, modified and graded death benefit. The kind of coverage you’ll qualify for depends on the provider and your answer to the health questionnaire.

The significant difference is the manner of death benefit payout to the beneficiary when the insured dies.


A level death benefit is the best insurance coverage you can qualify for. It pays the full death benefit to your beneficiary even when you pass away two days after your policy is in force.

You are immediately covered from the first day and the full death benefit is guaranteed upon your death. You must be within the height and weight guidelines with no major health issues.

Sample questions that will be asked to qualify for level death benefit.

  • Are you currently hospitalized or bedridden?
  • Are you receiving hospice, home health care or nursing home care?
  • Have you received an organ transplant or inpatient surgery?
  • Are you diagnosed with Organic Brain Disease, Dementia, Alzheimer’s, Mental Incapacity, Memory loss, Downs Syndrome, Huntington’s Disease, ALS, Cystic Fibrosis or Cerebral Palsy?
  • Do you tested positive for HIV, AIDS, or ARC?
  • Do you have diabetic complications like diabetic coma, neuropathy or nephropathy?
  • Are you advised to have an amputation because of diabetes or other diseases?
  • Have you been diagnosed by a physician with less than one year to live?
  • Answering “yes” may result in a decline in level death benefit coverage.


This final expense insurance policy comes with a two-year waiting period before you will be fully covered.

FOR EXAMPLE: If you die during the first year of the waiting period, your beneficiary will receive 30% of the face amount in effect. If you die during the 2nd year, 70% of the face amount will be received by your beneficiary. In year three onwards 100% of the face amount will be received.


Modified death benefit comes with a two-year waiting period before the benefit payout will be paid to the beneficiary.

A modified death benefit policy only pays the 100% death benefit during the waiting period if the insured dies from an accident. 100% of death benefit will be received after the two-year waiting period. If the insured dies before 24 months, the beneficiary will only receive the full return of premiums plus interest usually 10%.

Your answer to the health questionnaire on the application will determine if you will qualify for a modified death benefit. This coverage accepts many severe medical conditions that are usually declined with traditional life insurance with medical underwriting.

Guaranteed acceptance

This is the type of life insurance burial policy that accepts every applicant; a guaranteed acceptance plan accepts applicants regardless of health condition.

The guaranteed acceptance plan has a graded or modified death benefit. It has a two-year waiting period before the full payout of the death benefit.

All deaths from an accident will receive a 100% death benefit even during the waiting period. If natural death occurs before the two-year waiting period, the beneficiary will only receive a full refund of premiums plus 10% interest. Call us if you want to know how much is guaranteed life insurance or fill in the quote form to get a final expense insurance quote.


The best way to get the right final expense insurance company for you is by comparing quotes from different final expense or burial insurance carriers to know the one that suits your needs best.

You also need to work with an independent final expense insurance agency like Funeral Funds to shop the market for you. Funeral Funds is not a “captive agent”, instead, we represent many different top-rated insurance companies.

We will check your health history and your goals to identify which final expense companies will accept your health issues most favorably. We will identify the final expense carriers that are accepting of your health problems. We will only recommend the company that provides the lowest premium and coverage that will protect you immediately.

Thank you for visiting us and reading our article on the Top 10 Best Final Expense Life Insurance Companies. Fill in the quote form to get instant final expense insurance online quotes. Please call us at (888) 862-9456 if you have any questions.


TV AND MAGAZINE ADVERTISEMENTS – Most burial policies or final expense policies you see advertised on television or in magazines are sold as “the no-brainer way” to shop for this protection.

In reality, most of these policies rely on you having NO BRAIN to purchase them.

Just about everyone is eligible for immediate coverage and better pricing allowed by these heavily advertised policies that cost an arm and leg.

To make a long story short, it is better to shop with a specialist in burial insurance, like, than to sign up with a company that spends ba-zillions of dollars each month advertising on television and in magazines.

INCREASING PRICE POLICIES – Those TV and magazine final expense policies may increase in price every five years or have a two-year waiting period before your benefits kick in! What in tarnation!?!

These policies aren’t all they’re cracked up to be, and you often end up at the short end of the stick by purchasing burial insurance this way.

These tricky television magazine snake oil salesmen lure you in with an attractive rate, only to have the cost of your insurance increase every five years until you cannot afford the premiums, then you must cancel your policy.

What happens after you cancel the policy? You’ll die and will have wasted all that money because you bought a policy that increases in price as you get older. These policies just don’t cut the mustard for most folks!

Avoid policies that increase in price every year or end at a certain age. You don’t want your family to get hung out to dry when they need this coverage the most.

Seen any misleading internet advertisements?

Yeah, the old “bait and switch” is still alive and well in America….buyer beware!

Why choose Funeral Funds for my burial policy?

Most life insurance agents are fine, respectable people. There are, however, the classic “snake oil” life insurance agents, who will sell you the easiest and most expensive policy possible. The guaranteed issue folks claim you don’t even need to talk to an agent (but you will need to wait 2 years for your coverage to begin…even if you’re healthy). Answering a few health questions will often get you immediate coverage and MUCH better rates.

Avoid these people at all costs!

For the rest of the life insurance agents, who are fine respectable people, they are most often generalists. They deal with all kinds of life insurance policies. They are Jack of all trades and Masters of none. They are nice people, but they are not the logical choice if you want the best pricing and the best policy.

We work with 20+ final expense companies, so we can get you qualified for the best price plan with the intent of getting folks like you immediate coverage when possible.

We have to admit that, for the average burial insurance final expense insurance shopper, all the companies and options will often leave you more confused than a woodpecker in a concrete forest.


Most insurance agents don’t cut the mustard when it comes to getting you the most affordable coverage. Getting affordable burial insurance doesn’t have to cost an arm and a leg.

Our job at Funeral Funds is to be the most knowledgeable burial insurance experts available. By doing so, we can knock it out of the park and get you the most accurate quote and affordable rates.

Once we know more about your age and health history, we can accurately give you burial insurance quotes from the final expense companies that are the best fit for you and you will know how much does final expense insurance cost.

The reality is that most inexperienced and less knowledgeable insurance agents just don’t cut the mustard and will cost you loads of money by selling you more expensive policies.

It is always in your best interest to work with an independent brokerage, such as Funeral Funds. With access to all the best final expense insurance companies, we will help you understand your best options, given your current age, health, and financial situation.


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